Ola Electric Share Price Rises 8% as Bhavish Aggarwal Targets 25–30% Market Share

Shares of Ola Electric Mobility surged 8.5% on Monday after founder Bhavish Aggarwal announced plans to reclaim a 25–30% share in India’s two-wheeler EV market. The rally comes despite the stock trading nearly 72% below its 52 week high, reflecting investor caution as the company undergoes a transition phase.

Aggressive Market Share Goals

Ola Electric’s founder Bhavish Aggarwal revealed that the company aims to recapture 25–30% of India’s electric two wheeler market. The strategy is anchored in vertical integration, technology enhancements, and product diversification, as per the Mint report.

In July 2025, Ola’s market share slipped to 17.35%, down from 38.83% a year ago, as registrations halved from 41,802 units in July 2024 to 17,848 units this year.

Ola Electric Stock Performance

Despite Monday’s sharp rise, Ola Electric’s share price remains 72% below its 52-week high of ₹157.53 (August 2024). The stock has fallen 69% over the past year and is down 48% in 2025 year to date.

As of August 19, 2025, Ola Electric Mobility shares traded at ₹43.32, up 5.04% at 12:15 PM on the NSE from the previous close of ₹41.24. The stock opened at ₹41.56, hit an intraday high of ₹44.78 and a low of ₹41.40, with a VWAP of ₹43.76.

Transition from Gen 2 to Gen 3 Lineup

The past two quarters have been a transition phase for Ola Electric. The company phased out its Gen 2 scooters, ramped up production of Gen 3 models, and introduced its first electric bike.

Aggarwal highlighted that distribution expansion is also underway, with expectations that sales and market share will recover during the festive season.

Read More: Ola Electric Mobility Share Price Rises Over 2% as Company Unveils Rare Earth Free Motor.

Conclusion

Ola Electric’s share price rally reflects renewed investor optimism following its ambitious market share targets. However, with the stock still trading far below its peak and competitive pressures mounting, the road to recovery will depend on the success of its Gen 3 rollout, product expansion, and profitability strategy.

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